Saudi-based Hassana to invest $2.4b in three of DP World’s flagship UAE assets – Gulf Today
- Date: 22-Dec-2022
- Source: Gulf Today
- Sector:Financial Services
- Country:Saudi Arabia
Saudi-based Hassana to invest $2.4b in three of DP World’s flagship UAE assets – Gulf Today
Sultan Ahmed Bin Sulayem and Saad Bin Abdulmohsen (L) during the ceremony.
This sale of a strategic minority stake in Jebel Ali Port, Jebel Ali Free Zone and National Industries Park, follows on the earlier transaction that successfully closed in June 2022.
Hassana will invest approximately $2.4 billion in a new joint venture with DP World through which it will hold its economic interest in a stake of approximately 10.2 per cent in the three UAE assets. The investment by Hassana implies a total enterprise value of approximately $23 billion for the three assets.
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